RE/MAX(RMAX) Prnewswire·2025-04-16 20:16Core Insights - March home sales experienced a significant increase of 23.0% compared to February, marking the largest month-over-month increase since March 2023, although sales were down 1.4% compared to March 2024 [1][8] - Active inventory rose by 35.5% year-over-year across 50 metro areas surveyed, indicating a growing supply of homes available for sale [2][18] - The median sales price in March reached 8,000 (1.8%) from February and 435,000 in March 2025 reflects a year-over-year increase, with notable increases in markets such as Burlington, VT (+22.4%) and Trenton, NJ (+9.7%) [12][13] - Buyers paid an average of 99% of the asking price in March, consistent with previous months [9][14] Market Dynamics - The average days on market for homes sold in March was 44 days, a decrease from February but an increase from March 2024 [16] - The months' supply of inventory was 2.3, indicating a slight increase from the previous year but a decrease from February [18][19] - The close-to-list price ratio remained stable at 99%, with San Francisco having the highest ratio at 104.8% [14][15]